Bullish Signal- NVIDIA Lands Perfectly On the 20 Day SMA Charts

Seems the only technical indicators you can rely on anymore are the moving averages, because this is like catnip to the trading algos. The sellers are away on vacation, so a retest of the highs is definitely in the cards. 

$NVDA NVIDIA Key Support 112. A breakout back above the 216.82 level should confirm the trade.

$NVDA DCS Chart 

If you'd rather chase rockets; upside momentum in $FITE (PRONOUNCED FIGHT) - "tracks global technological innovations in defense, cybersecurity, and advanced border security" -  accelerated on Friday (+3.83%). And you thought $SOX (semiconductors) was the only game in town!  

$FITE Chart

I prefer European Aerospace - $EUAD (STOXX Europe Aerospace & Defense ETF) made a clean breakout above the 20 day sma on Friday.

I think it could easily make a 10% run ahead of the July deadline - for NATO to join US military forces in the Strait. 

$EUAD Chart

There are tons of bullish trades, if you know where to look. We absolutely killed it last week, while others were told that bond yields were flashing warning signals. That was pure bear bait...   

We finally hit pay-dirt on our mid-caps play - yesterday. NVIDIA $NVDA bulls - not so much. #BOOM! ✅
Retail +2.31% ✅ $XLY Consumer Discretionary +2.53% $IWM Russell 2000 (ETF) +2.5% ✅ $TRAN +2.27% pic.twitter.com/N1W5MNFZWR

— Veteran Market Timer (@3Xtraders) May 21, 2026

Add to the list of breakout stocks: Home builders, and health care, both up big last week.  

$GDX Gold Miners continue to be power-bought at the 200 day sma - another easy read

I think gold miners may be fixin' to rally over the summer, once it's finished building a base. $GDX bounced off the 200 day sma. - obvious buy signal. $NESRF Northern Star Resources LTD 👇 pic.twitter.com/7hQovMNYjq

— Veteran Market Timer (@3Xtraders) May 21, 2026

$GDX Gold Miners - key support being bought for a 4th day, right around the 83.50 level. 

$GDX Gold Miners

Stocks to stay away from include: $UNH UnitedHealth - after leading the entire April rally, it's traded into a corrective pattern.

$UNH UnitedHealth

What does that mean for the broader market recovery? I don't know. P.S. Before you start getting overly bullish, on the rest of the summer; you might want to review Friday's blog: 

Looking at The $SPY Forest Through The AI Trees

Take care, AA 

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